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MLB Looks to Reform Local Media Deals, Payroll Disparity

Feb 22, 2023

A free-spending owner and a failing media business have spurred Major League Baseball to take action.

The league has created an economic reform committee to address its long-term financial health, according to The Athletic.

The move was partly driven by the financial troubles of Diamond Sports Group, the Sinclair Broadcasting subsidiary that owns 19 Bally Sports regional sports networks. Diamond — which broadcasts local games for 14 MLB teams — missed a $140 million interest payment and is expected to file for bankruptcy soon.

MLB commissioner Rob Manfred has discussed taking control of the league’s local rights, should that happen.

“We’ve got to find a new model,” he said. “Maybe we ought to be driving the boat, what that model looks like.”

Source: Front Office Sports

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